USD/CNH Technical Outlook: An Extended Pause in the Rally?
USD/CNH’s rally has shown signs of fatigue in recent weeks, raising the possibility of an extended pause. To what extent can USD/CNH correct lower, and what are the key levels…
Crude Oil Eases as Markets Ponder a Possible Chinese Reopening. Will WTI Rally?
The crude oil price has given up some of Friday’s gains, but the US Dollar appears to be the driving sentiment for markets after recalibrating on news around China’s potential…
US Dollar Appears Increasingly Vulnerable: USD/SGD, USD/THB, USD/IDR, USD/PHP
The US Dollar continues to weaken against ASEAN currencies. The Singapore Dollar and Thai Baht appear the most bullish, followed by the Philippine Peso. USD/IDR remains tilted higher.
Hang Seng Index Technical Outlook: Slide Lower Pauses. Now What?
The Hang Seng Index’s rebound from deeply oversold conditions appears to be a pause, and not a reversal of the downtrend. To what extent can the index rise and what…
Euro Ran Higher on China Re-opening Rumours but Turns on Denial. Where to for EUR/USD?
The Euro has stalled in its recovery against the US Dollar as ambitions for China easing of restrictions evaporated over the weekend. With US CPI ahead, will it drive EUR/USD…
Australian Dollar Forecast: China Trade Balance in Focus After Iron Ore Prices Rebound
The Australian Dollar looks poised to rise against the US Dollar as rumors of a Chinese policy shift on Covid circulate. China’s trade balance for October is in focus for…
Markets Week Ahead: Dow Jones, US Dollar, NZD/USD, USD/JPY, GBP/USD, Gold, CPI, China Credit, UK GDP
US stocks surged on Friday after a mixed non-farm payrolls report, which muddied Fed rate hike bets. Rumors of a Covid policy reversal in China boosted APAC markets. The US…
S&P 500, Nasdaq 100 Week Ahead Forecast: Inflation Could Make or Break the Market
The U.S. inflation report will be the main catalyst for stocks next week. For the S&P and Nasdaq 100 to have a meaningful chance to move higher, the CPI data…
US Dollar Technical Forecast: USD Fed Rally Reverses- DXY November Levels
The Fed inspired USD rally reversed on the heels of strong NFPs on Friday with DXY threatening a deeper correction. The levels that matter on the weekly technical chart.
Canadian Dollar (CAD) Forecast: Hawkish BoC and Strong Jobs Data Should Keep the Loonie on the Front Foot
Canadian dollar looks set to enjoy a bullish week thanks to a host of confluences. Will the US inflation print scupper CAD gains against the Dollar?